SENSEX PLUNGES; INVESTORS REMAIN CAUTIOUS
The long awaited GST tax reform bill is finally in the works, and all of the Indian and global financial market remains cautious. With the benchmark BSE Sensex plunging 284 points, marking its fourth straight quarter of downward trending, investors are pulling back slightly, not willing to take the risk. This sentiment was further perpetuated by the failure of Japan’s financial stimulus package, which resulted in the shadow of a lagging global market. Sensex stocks performed poorly, with 25 of them showing losses. Sensex has fallen over 600 points since June 2016 and is down 1% for the year.